TranSwitch sees loss in Q1

TranSwitch, which designs, develops and markets semiconductors that provide core functionality and complete solutions for voice, data and video communications network equipment, today said first quarter net revenues declined to $8.2 million from $10.1 million a year ago, leading to a net loss for the first quarter of $3.1 million, or 13 cents per basic share.

The company is in the process of attempting to "create a new growth engine in the consumer video interconnect market," with its HDplay products which came out in March. HDplay is designed to enable reception of high definition video from both HDMI as well as DisplayPort sources, and offer high 3D resolution, by incorporating Internet connectivity for smart TVs.

The company just recently started to demonstrate and sample the products to potential customers and reference design partners."

For more:
- see this release

Suggested Articles

AT&T and Spectrum SportsNet LA, TV home for the Los Angeles Dodgers, have reached a new distribution agreement, ending a lengthy carriage dispute.

Former Hulu CEO Jason Kilar has been named the new CEO of WarnerMedia, effective May 1. He will report to AT&T COO John Stankey.

Comcast and Fox have come to terms on an expansive new distribution agreement covering broadcast, cable and streaming channels.